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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
EconomyIn its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable.
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
EconomyFitch published on Thursday night a rating review for Greece outside its regular schedule in which the outlook for the country was revised from positive to stable, re-affirming the rating of ‘BB’ that it had granted in the end of January.
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
EconomyGreece completed on Wednesday its first transaction to boost its cash reserves amidst the pandemic crisis by issuing a 7-year bond that raised 2 billion euros.
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Greece heads back to markets with 7-year bond in bid to boost own funds
EconomyGreece wants to signal to international markets that despite the heavy toll the pandemic is expected to inflict on the Greek economy, it can move ahead with its debt strategy.
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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyThe IMF released on Tuesday its latest economic estimates in the context of the World Economic Outlook, which has incorporated the impact of what it calls The Great Lockdown that sees global GDP dropping by 3 pct in 2020, subject to various uncertainties.
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Greece braces for deeper Covid-19 impact on economy, budget and public debt
EconomyThe Finance Ministry is gradually accepting that the impact of Covid-19 in Greece will exact a heavy toll on the economy and the budget, with implications for the country’s public debt.
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Greece braces for recession, hopes to bounce back from summer onwards
EconomyThe extent of the damage that could be inflicted on the Greek economy as a result of the coronavirus impact is becoming clearer by the day, with the Finance Ministry and leading investment houses now expecting Greece to slip into a recession again this year.
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ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
EconomyAfter seeing its sovereign debt market decimated within a period of four weeks, Greece breathed a sigh of relief on Wednesday night when the ECB announced that it will include the country in its Pandemic Emergency Purchase Programme (PEPP).
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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeAs was widely anticipated, since it had been trailed by Economic Affairs Commissioner Paolo Gentiloni during his recent visit to Athens, Greece’s fifth post-programme review was successfully completed with a positive report published by the European Commission on Wednesday.
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Central government debt increases by 2.16 bln to 356.01 bln in Q4
EconomyMacroeconomyGreece’s central government debt increased by 2.16 billion euros to 356.01 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2019, from 353.85 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.